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Key events:                                                Japan - BoJ Press Conference Eurozone - CPI (YoY) (May) USA - Michigan Consumer Sentiment (Jun) USA - Fed Waller Speaks On Thursday, the S&P 500 and Nasdaq reached their highest levels in 14 months, propelled by positive economic data that suggested the US Federal Reserve is approaching the conclusion of its aggressive interest-rate hike campaign. This news delighted investors, leading to a surge in the stock market.

Key events: UK - BoE MPC Member Mann USA - Federal Budget Balance (May) On Friday, the S&P 500 experienced a rise in its closing value, although it fell short of the session's peak levels. The market failed to rally extensively despite a notable surge in Tesla (NASDAQ: TSLA) shares, as investors remained cautious ahead of the Federal Reserve's policy meeting and upcoming inflation data the following week.

Key events:         USA – Core PCE Price Index (MoM) (Jan) USA – New Home Sales (Jan) The latest GDP data from the U.S. showed that the U.S. economy grew 2.7% in Q4, not 2.9% as analysts had anticipated. Softer economic growth might have helped ease inflation and softened the Fed's hand. That didn't happen, however, as the GDP Price Index, another measure of inflation that was released along with the GDP data, showed that inflation fell in Q4, but fell much less than expected, fully reflecting the CPI and PPI data released last week.

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Key events:       Australia – Retail Sales (MoM) UK – Construction PMI (Jan) Canada – Ivey PMI (Jan) Eurozone – ECB President Lagarde Speaks   Global market sentiment on Monday morning could be characterized as negative, fueled by growing tensions between the U.S. and China and an earthquake in Turkey.

Key events:       Canada – Core CPI (MoM) (Nov)   USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories  

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Key events: USA — JOLTs Job Openings (Aug) Eurozone — ECB President Lagarde Speaks   The technical reversal pattern Shooting Star is formed on the weekly chart of the DXY index. Philosophical Japanese, who gave such a romantic name to this pattern, did not assume how exactly it would tell about the current situation. The superstar of the last year and a half, the unstoppable dollar, has shown this configuration on the W1 timeframe for the first time since it took off. So, the star is falling.